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Title :  The lack of Bitcoin from the school in the limits of the technology, Say the's growth in Africa, experts
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Date of publication :   2019-09-19
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Description The lack of Bitcoin from the school in the limits of the technology, Say the's growth in Africa, experts

The lack of bitcoin, is the formation of the setting of the growth of digital currency in Africa “probably less than a thousand d'” from “real users of bitcoin,” by Francis Harris, the founder of Bitcoinzar, an informative website for fans of bitcoin in South Africa.

A slow start

It is not a large amount of people are now on the technology, despite all the excitement that the technology have created the blockchain, in other parts of the world, including the Wall Street. This slow start can be caused by the lack of bitcoin school on the mainland. Harris said that meme burn:

“True-to-bitcoin-users who understand a day of the bitcoin network, and the technology and how it works, probably less than 1000 people.”

He continued:

“however, there are a large number of users, the [himself] from the users, the [now] the use of bitcoin for payments, if it is the only method. And even some that do not even know that you are with the technology of bitcoin as a services, the the use of bitcoin, but it is transparent to the user.”

However, many companies tend to have misconceptions about Africa. He advises to think carefully before you throw a bitcoin start-up on the continent, said that often in a hurry, as a fertile ground for fintech companies.

“faith is a fault that Africa is the Holy Grail for bitcoin, since your effective mechanisms for delivery,” Harris said. “although there is a large market, there are still a lot of water flow under the bridge.”

He added:

“Most of the Africans are not sending money to Africa using bitcoin, but as a mechanism of payment and conventional options such as MoneyGram and Western Union are still the major players in this market.”

Beam, a Cedi from start to finish, the transfer of funds via bitcoin, have stopped accepting the digital currency as a means of payment. In august, the company announced output had, while he is the bitcoin, suggesting that it was because of the lack of updating in connection with the cost of the exchange rate of digital currency in fiat currency, in addition to the limited number of merchants accept bitcoins as a means of payment, as well as the volatility of prices.

Stimuler l'adoption de bitcoin

In Southern Africa, in particular, the adoption of bitcoin and digital currencies a quick growth, in particular through education, events, local events, and conferences had.

Kenya is a platform for the exchange of the bitcoin-wallet, phone, Bitsoko plans for meetings and regular events, to multi-user, co-founder and ceo of Gibson, said Juma.

“We are planning a number of bitcoin conferences, and fairs in connection with [the College Cryptocurrency Network]. We set a date, when was the first of its kind.”

In June Bitsoko has won, is one of the grand challenges explorations grant from the Bill & Melinda Gates Foundation, a competition that has as its objective the promotion of a wide acceptance of mobile money for the small traders. Bitsoko, who received US$100,000, and has declared, is dedicated to the scholarship for the development of bitcoin payment processing is a merchant of bitcoin and service portfolio in Zimbabwe and Sierra Leone.

With the proliferation of mobile networks, Africa South of the sahara, the digital age and jumped in a few years. Today, mobile phones are so widespread, as in South Africa and Nigeria as in the United States.

“ As the smartphone and Internet penetration on the continent of Africa, the potential of bitcoin to grow, the acceptance can grow with her,” said Harris. “more and More users of smartphones and the Internet means a greater number of potential customers to bitcoin companies, as well as many others.”

In South Africa, supported by the government, a non-profit organization, the implementation of the Innovation and technology Initiative (CiTi), has been in the country’s the first digital currency hub, as well as an incubator, BitHub.

BitHub has as its objective the support of the local bitcoin community, and promoting the digital currency eco-system.

“there are not many viable currency digital ideas in South Africa, which is not on the market, as we will go over the infrastructure and the support even further” Merrington, Ian, ceo of CiTi, he explained. “BitHub that is the room.”

Image credit: Flickr, Ken banks, kiwanja.net.

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